In its latest technical assessment for Solana (SOL), cryptocurrency analysis company MakroVision stated that the price is under critical pressure and that both risks and opportunities coexist in the short term. According to the report, Solana broke down from its previously formed triangle formation and subsequently fell to the Golden Pocket region between $155 and $147. While there was an initial reaction from this region, MakroVision stated that the “reaction was weak and far from convincing.” Analysts also noted that the $159 level has yet to be reclaimed permanently, stating that the current structure remains “critical and fragile.” The continued lower highs on the Solana chart create a picture where bearish momentum remains dominant. MakroVision notes that there are multiple layers of short-term liquidity just above the current price, and these areas could pull the price in and trigger a short-term recovery. Related News: Altcoin Listed on Major Exchanges Announces Transaction Fee and Burn Notice Despite this, analysts say that real relief in the technical outlook will only be possible if the $188 level is quickly retaken. If this happens, the path could open to the following levels: 204 dollars $223 However, MakroVision also issued a warning: If the Solana recovery remains weak and the price fails to break above $188, the trend is expected to remain in bearish territory in the medium term. The most notable support area in this scenario is $128. *This is not investment advice. Continue Reading: What to Expect Next for Solana (SOL) Price? “But If It Returns to This Level, It Will Recover”
